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Economic Laws Practice

109A, 1ST FLOOR, DALAMAL TOWERS, FREE PRESS JOURNAL ROAD, NARIMAN POINT, MUMBAI 400 021, INDIA
Tel:
Work +91 22 6636 7000
Fax:
Fax +91 22 6636 7172
Email:
Web:
www.elplaw.in
Mumbai, New Delhi, Pune

India

Antitrust and competition
Antitrust and competition - ranked: tier 2

Economic Laws Practice

The competition law and policy group at¬†Economic Laws Practice¬†frequently handles competition issues before the CCI, as well as having experience in merger control matters. The group successfully defended APM Terminals Management before the CCI in¬†abuse of dominant position allegations.¬†The group has particular expertise advising clients in the technology, media, telecoms and pharmaceutical sectors, with clients including¬†Novartis India,¬†Mankind Pharma and Dell International Services India. Suhail Nathani¬†and Ravisekhar Nair ‚Äď based in Mumbai and New Delhi respectively ‚Äď jointly head up the practice which includes recently promoted associate partners Abhay Joshi¬†and Parthsarathi Jha¬†in New Delhi.

Leading individuals

Ravisekhar Nair - Economic Laws Practice

Suhail Nathani - Economic Laws Practice

Next generation lawyers

Abhay Joshi - Economic Laws Practice

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Banking and finance
Banking and finance - ranked: tier 2

Economic Laws Practice

Economic Laws Practice has solid expertise acting for small finance banks, multinational lenders and corporate borrowers across a wide range of financing issues. Babu Sivaprakasam heads the practice and recently advised Global Vectra Helicorp on two aircraft lease transactions from Vertical Aviation No 1 and No 2, which are based in Ireland. Deep Roy is the other name to note.

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Capital markets
Capital markets - ranked: tier 4

Economic Laws Practice

Economic Laws Practice is noted for its strength in securities-related regulatory matters, debt and equity offerings, and rights issues. Trade remedial matters are also core area of instruction. Suhail Nathani is the key practitioner, and Tomu Francis is another name to note.

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Corporate and M&A
Corporate and M&A - ranked: tier 1

Economic Laws Practice

At Economic Laws Practice, recent highlights include acting for Google India in a joint venture with Tata Trusts, involving the implementation of the Internet Saathi Program, which aims to equip women in rural areas of India with basic internet skills. The group also advised US-based steel company JSW Steel on acquiring a 100% stake in Acero Junction. Suhail Nathani and Sujjain Talwar jointly head the practice.

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Dispute resolution
Dispute resolution - ranked: tier 1

Economic Laws Practice

Naresh Thacker is the main name at Economic Laws Practice The team is representing the Multiplex Association of India in a challenge to the government of Karnataka's Kannada & Culture department's imposition of a price cap on all films shown in theatres; the challenge is on the grounds that the government does not have the power to regulate prices set by private entities. Ashish Prasad is another name to note.

Next generation lawyers

Rhia Marshall - Economic Laws Practice

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Investment funds
Investment funds - ranked: tier 2

Economic Laws Practice

Economic Laws Practice's private equity and venture capital team has experience handling investments for funds such as Google Capital, Ambit Pragma Fund and the State Bank of India. A team, led by Darshan Upadhyay, advised Samara Capital on its investment in Shahajanand Medical Technologies. Suhail Nathani and Sujjain Talwar jointly head the practice.

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Projects and energy
Projects and energy - ranked: tier 1

Economic Laws Practice

Economic Laws Practice has a strong focus on renewable energy projects, and advises on matters relating to ports, nuclear power, roads, and hospitality infrastructure. Highlights include acting for SAMHI Hotels on the acquisition of the entire shareholding in Premier Inn hotels in India, and assisting Welspun Enterprises with acquiring a 49% stake in two road projects from the MBL Group, an infrastructure company. Sujjain Talwar leads the practice, and Aakanksha Joshi and Naresh Thacker are the other names to note.

Leading individuals

Sujjain Talwar - Economic Laws Practice

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Real estate and construction
Real estate and construction - ranked: tier 4

Economic Laws Practice

Economic Laws Practice 's real estate practice is headed up by Babu Sivaprakasam. The team represented IndusInd Bank on its INR 22bn facility to  Divyasree NSL Infrastructure in relation to the special economic zone properties, secured by the mortgage of the properties and the lease rental. The department is also instructed by Konark Karia Group on several real estate transactions including advising on tax and regulatory implications, including RERA and affordable housing elements. Changes to the team include Aditya Khadria was promoted to associate partner.

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Restructuring and insolvency
Restructuring and insolvency - ranked: tier 3

Economic Laws Practice

Leveraging the firms banking, corporate and dispute resolution practices, Economic Laws Practice has been instructed primarily by creditors, as well as insolvency professionals and bidders, in restructuring and insolvency matters. It represented the resolution professional in the corporate insolvency resolution process of Parekh Aluminex.

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Tax
Tax - ranked: tier 1

Economic Laws Practice

Attracting praise for its 'outstanding delivery of service', the tax practice at Economic Laws Practice offers clients 'excellent technical and practical advice and guidance' on a full range of tax issues. Mumbai-based Rohit Jain, who heads up the practice alongside Nishant Shah, acted for Juniper Networks on all indirect tax and customs-related issues, including advising on strategic tax optimisation opportunities. The group also handles contentious matters, and acted for GE India Industrial on a review of customs duty litigation and investigations. The team also has experience advising clients, such as  Voltas, Inox Group and Air Asia, on goods and services tax considerations. Rahul Khuarana was promoted to associate director and Vishal Kulkarni is now counsel to the firm. Additional changes to the team include the departure of tax litigation partner Alok Yadav to independent practice as well as former head of indirect tax advisory practice Kumar Visalaksh.

Leading individuals

Rohit Jain - Economic Laws Practice

Next generation lawyers

Rahul Khurana - Economic Laws Practice

Vishal Kulkarni - Economic Laws Practice

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WTO/international trade
WTO/international trade - ranked: tier 1

Economic Laws Practice

Economic Laws Practice's wide-ranging experience includes customs, import and export control, countervailing duty and anti-dumping investigations; the latter has been especially prominent in mandates, with the group acting for Hindustan Unilever, Canadian Solar and Sumitomo Chemical, to name a few clients, in a number of anti-dumping investigations pertaining to exports of renewable energy and chemical products. Managing partner Suhail Nathani and Sanjay Notani co-lead the 'excellent' team.

Leading individuals

Sanjay Notani - Economic Laws Practice

Suhail Nathani - Economic Laws Practice

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Further information on Economic Laws Practice

Please choose from this list to view details of what we say about Economic Laws Practice in other jurisdictions.

India

Offices in Mumbai, New Delhi, and Pune

Legal Developments in India

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • WHHPL v NHAI

    New Delhi, 31st August 2019: West Haryana Highways Projects Private Limited (a Special Purpose Vehicle of Era Infra Engineering) was awarded a Concession Agreement by NHAI on DBFOT Toll basis for widening of existing two lane highway and also constructions of two new bypasses. Although WHHPPL substantially completed the work and Toll was stared in 2014, NHAI was not declaring the completion. Also WHHPPL suffered huge losses due to Project overrun including threat from Banks/Financial Institution w.r.t Insolvency Proceedings (needless to reiterate one such proceedings under I&B Code filed by Bank of Baroda (erstwhile Dena bank) was recently rejected by Principal Bench, New Delhi). It was the case of WHHPPL that NHAI failed to adhere to the terms of CA in fulfilling its obligation of handing over of land. The Arbitral Tribunal passed an Award in favor of WHHPPL inter alia agreeing with the contentions of WHHPPL and also held that NHAI was in breach of the CA. The Tribunal passed an award (including interest) of Rs.750 Crores in favor of WHHPPL .
  • Singh & Associates' (S&A) Founding Partner, Manoj K Singh, awarded with ‚ÄėSpecial Recognition...

    Singh & Associates' (S&A) Founding Partner, Manoj K Singh, awarded with ‚ÄėSpecial Recognition for Service to the Legal Profession‚Äô at Achiever‚Äôs Awards 2019
  • GSTing till 2019 and ahead!!

    With the implementation of GST two years back, India has seen one of the biggest tax reforms for the growth and revival of its economy. Post the journey of peaks & troughs, the GST regime is finally settling in to the needs of business cycle. The Government, with the theme of promoting ‚Äė Ease of Doing Business ‚Äô, is trying hard to make this reform simpler, business friendly and transparent in its functioning. Such measures can also be seen during this year‚Äôs budget speech of our Hon‚Äôble Finance Minister, wherein announcements were made towards the simplification of GST.
  • Ld‚Äô Adjudicating Authority dismisses the Application under Section 7 by ICICI Bank against Hyderab

    Ld’ Adjudicating Authority dismisses the Application under Section 7 by ICICI Bank against Hyderabad Ring Road Projects Private Limited a Special Purpose Vehicle related to Era Infra Engineering Limited.
  • Singh & Associates' (S&A) Founding Partner, Manoj K Singh, wins ‚ÄúDispute Resolution Lawyer...

    Singh & Associates' (S&A) Founding Partner, Manoj K Singh, wins ‚ÄúDispute Resolution Lawyer of the Year‚ÄĚ Award at Indian Legal Awards 2018-19, Legal Era
  • Sulphur Cap Ahead - Regulatory

    Sulphur Cap Ahead - Regulatory
  • GTDT Shipping - India

    Mr Shardul Thacker heads the shipping, oil and gas and banking practice group at Mulla & Mulla & Craigie Blunt & Caroe. Lloyd‚Äôs List ranked him third in their top 10 lawyers stating: ‚ÄúHighly regarded for his work in the liquefied natural gas sector, particularly for interesting and highly geared finance deals in relation to infrastructure projects, energy, ports and ships.‚Ä̬†india_-_gtdt_shipping_
  • Chambers Guides - Insurance 2018 - India

    India is a common-law jurisdiction. In general, Indian laws borrow heavily from, and are based on, English law. However, insurance law in India has certain unique features that deviate from English insurance law. The primary legislation of insurance law in India is the Insurance Act, 1938 (the ‚ÄúInsurance Act‚ÄĚ) and the Insurance Rules, 1939 (the ‚ÄúInsurance Rules‚ÄĚ).
  • Transport Finance Review - India

    The transportation industry ‚Äď aviation, shipping and rail ‚Äď has been predominantly owned by government entities since India‚Äôs independence in 1947. Air India and Indian Airlines, both government-owned, rules the skies; the Shipping Corporation of India (SCI), established in 1961 and owned by the government, owns and operates around one-third of the Indian tonnage. All railway property is government owned.
  • International Arbitration Review - India

    The Arbitration and Conciliation Act, 1996 (Act) provides the framework for arbitration and conciliation in India. Drafted on the basis of the UNCITRAL Model Law, it is divided into four parts. Each part governs a different aspect of the arbitration and conciliation process: a Part 1 governs commercial arbitration; b Part 2 governs the enforcement of certain foreign awards; c Part 3 governs conciliation; and d Part 4 contains supplementary provisions (regarding the power of the court to make rulings, etc.). The Act 2 was recently amended in 2016 with an aim to make it more robust by plugging the lacunae that existed in the original legislation.